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health insurance
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Can anyone tell me if your company chooses to contribute financially for employees to purchase health insurance through an outside vendor? If you do, what are the tax implications? Thanks in advanc
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health insurance

posted at 10/12/2000 6:56 AM EDT
Posts: 2
First: 10/12/2000
Last: 10/19/2000
Can anyone tell me if your company chooses to contribute financially for employees to purchase health insurance through an outside vendor? If you do, what are the tax implications?

Thanks in advance!

Lisa Clark
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health insurance

posted at 10/17/2000 8:53 AM EDT
Posts: 13
First: 1/18/2000
Last: 5/9/2001
We do not, but we pay employees $1200 per year for not particpating in our medical plan and $200 for dental. They must have coverage elsewhere and it is considered taxable income.
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health insurance

posted at 10/19/2000 10:40 AM EDT
Posts: 2
First: 10/12/2000
Last: 10/19/2000
Thanks for the response! Do the employees who don't have coverage elsewhere receive the same benefits?

Lisa Clark
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health insurance

posted at 10/29/2000 2:02 AM EDT
Posts: 12
First: 8/21/2000
Last: 11/9/2000
We are working with companies on a new plan called a VEMA. It allows employer (pre-tax) and employee (post tax) contributions to purchase from a menu of benefits---including health insurance. The employee manages the funds like in a 401k and can even invest them in funds.

Matt Tuttle
203-609-9077
www.wealthadvisors.bigstep.com
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